Tag: Disney-Fox deal

Esteemed Fox Domestic Distribution President Chris Aronson is leaving the studio as the Disney-Fox merger comes to fruition, Deadline has confirmed.
News about Aronson’s departure happened today as the new conglom cuts employees at the SVP, EVP, …

A day into slimmed-down Fox’s life as an independent public company, chairman and CEO Lachlan Murdoch addressed Fox Corp.’s 7,500 employees at a town hall meeting held at the Zanuck Theatre on the Fox lot in Los Angeles and available via we…

“The company that we knew and loved is changing,” says a prophetic Terrence Howard tonight in a clip from Empire used in sizzle spot celebrating the birth of a new era at what is a slimmed down and new Fox.
Running during the latest episode of theLee D…

Bob Iger marked the historic occasion of Disney’s purchase of 21st Century Fox with a lengthy memo to staffers that was candid about the challenges of the massive integration of people and cultures that lies ahead for the media giant. “I wi…

Fox Corp. has confirmed it received a $2 billion cash payment from Disney, which reduces the “transaction tax” the new entity paid to 21st Century Fox to $6.5 billion. Both were expected steps following the closing of the $71.3 billion Disn…

Hours before their asset combination closes, Disney and Fox released the per-share value of the deal and offered a final blessing by Disney CEO Bob Iger, who called the deal “an extraordinary and historic moment for us.”
Disney’s $71 …

With fewer than 24 hours remaining before the acquisition of 21st Century Fox by Disney closes, the remaining stand-alone entity Fox Corp. begins trading today and has announced new members of its board of directors.
The company will maintain the ticke…

Nearly 52% of shareholders in 21st Century Fox, the entity that is about to be acquired by Disney, have expressed a preference to receive cash in exchange for their shares after the Disney-Fox deal closes early Wednesday.
About 37% of shareholders said…

Mexican regulators have given the final sign-off to Disney’s $73.1 billion merger with the assets of 21st Century Fox, clearing the way for the companies to complete the deal by March 20. The country’s Federal Telecommunications Institute (…

The YES Network, the most prominent of the 22 regional sports networks being unloaded by Disney as a condition of closing its 21st Century Fox acquisition, has been sold for $3.5 billion, according to multiple media reports.
The buyers of the 80% of YE…

Disney shareholders today approved compensation packages of chairman and CEO Bob Iger and other executives, with just 57% voting in favor.
The vote, which was narrow but marked a reversal of last year’s rebuke by shareholders, punctuated the 90-m…

Disney has adjusted the compensation of CEO Bob Iger to account for when a new contract is set to begin, which, like most things at the company lately, is contingent on the close of the acquisition of 21st Century Fox.
In an SEC filing, the company sai…

EXCLUSIVE: As the $71.3 billion Disney-Fox deal nears the finish line, there is a steady earner that often gets overlooked among the assets that will remain behind as part of Fox Corp.: MyNetworkTV.
The programming service, launched with fanfare in 200…

Brazilian regulators have approved Disney’s $71.3 billion acquisition of most of 21st Century Fox after Disney agreed to sell off Fox Sports and related sports rights in the territory.
The approval is one of the last steps in the regulatory revie…

In one of the last steps in the regulatory review of Disney’s $71.3 billion deal to buy most of 21st Century Fox, regulators in Brazil appear to be poised to approve the transaction on Wednesday.
Officials at CADE (whose translated full name is T…

Hollywood endured a big setback this month, and it had nothing to do with the Oscars. A major studio, 20th Century Fox, officially disappeared into the mist, instantly transforming a once robustly competitive industry into a Disney oligopoly. The ultim…

When Disney’s $71.3 billion deal to acquire most of 21st Century Fox closes in the coming weeks, the combined company will remain an appealing target for investors, but only those willing to indulge hefty near-term spending on direct-to-consumer …

Hulu is “a very important strategic asset for our owners,” the streaming platform’s SVP Originals Craig Erwich said during TCA on Monday. He was asked about the near future of his company, which will become majority owned by Disney fo…

Continuing to put up steady results across its TV and film operations, 21st Century Fox posted softer earnings in its fiscal second quarter while reporting “significant progress” toward the closing of the Disney merger.
Total revenue of $8….

Lauren Shuler Donner is ready to hand off the X-Men franchise to Disney and Marvel’s Kevin Feige, and she has no worries — it’s in good hands.
“Kevin (Feige) and I started the first movie, he worked for me, he has a great story …

Fox cut a significant figure at this year’s just-concluded NATPE, promoting its forthcoming Meredith Vieira-hosted game show, 25 Words or Less, and getting its messages out on multiple executive panels.
The activity level is not a radical departu…